They can tax you for it still? Though they can do nothing to collect the tax, though they can bill you for it till Kingdom Come. (If Trump has his way, however, I bet they won’t, as part of an abolition package.)
That’s the beauty of it. I always owe at the end of the year, and at 62, insurance is so expensive that the 8% rule allows me to earn quite a bit. And the cost of insurance is skyrocketing, making the 8% rule enable me to make tens of thousands more per year and not be liable for the penalty.
If I was in my 20’s or 30’s, this would not be the case.